Given Imaging shifts focus, falls

Given Imaging (GIVN) tumbled 11.5% to 16.10 after it said it's no longer considering selling itself or merging with another company. Instead, the company said, it will consider acquisitions and alliances. The Israeli medical devices maker, known for its camera-in-a-pill endoscopy products, also said holding company Discount Investment is considering sale of its 45.5% controlling stake. In Oct., Given Imaging said it was evaluating a merger or sale of the company after several parties expressed interest.

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Given Imaging (GIVN) shares rocketed 27.1% to 30.06 Mon. after medical device maker Covidien (COV) said Sun. it would buy the maker of a proprietary camera to examine the intestines for $860 mil, or $30 a share. It's Covidien's 3rd acquisition in just over 2 years and gives it stronger presence in ...

Covidien (COV) stock edged up Monday after the company on Sunday announced its third acquisition in little more than two years that expands its presence in the market for treating gastrointestinal, or GI, ailments. Ireland-based Covidien said it would buy Israel-based Given Imaging (GIVN) for $860 ...

Stocks launched the week quietly, rising ahead of a handful of speeches from Federal Reserve officials. The Nasdaq climbed 0.4%, the S&P 500 0.3% and the Dow Jones industrial average 0.2%. Volume on Monday slipped 19% on the Nasdaq and 2% on the NYSE compared with the same time Friday. The ...

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